Kennas Blog

Preparing For Financial Success
WHERE ARE YOU NOW?

The starting point on your road to financial success is understanding your current situation. For instance, what is your disposable income and what exactly do you spend your money on? How much do you have "left over" for building your wealth? What is your current net worth? How long will it take you to pay off your personal, business or investment loans?

You should prepare a simple personal budget, which shows your monthly income, personal expenses and investment contributions (such as property loan repayments or superannuation). You also need a net worth statement which outlines your major assets (including superannuation) and debts, including life insurance policies. Finally you need to document your level of concern regarding the risks involved in your occupation, and what steps you have taken to protect and provide for you and your family if something was to go wrong.

Be Prepared For Financial Successin 2018 - Click Here to find out how.